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README.md

BitDaric Core [DARX]

==========================

What is BitDaric?

BitDaric is a cryptocurrency like Bitcoin, although it does not use SHA256 as its proof of work (POW). Taking development cues from Tenebrix and Litecoin, BitDaric currently employs a simplified variant of scrypt with a target time of 1 minute per block and difficulty readjustment every day.

Coin supply is limitless controlled over the time. Block rewards are 7000000 for first 4 blocks. Then multiply 10 by 1 point every #7,000,000 blocks, until it reach 100 points. After that it would be a fixed value of multiply 10 by 100 points (1000 rewards).

Estimated block generation is 1 per minute so rewards of every block would be 10 for first 26 years and then would be 20 for 39 years and so on...

Here is calculation of coin supply over the time (if block generation would be as fast as 1 per minute):

Year Approx. coins Rewards
1 66,166,320 10
2 71,422,320 10
3 76,678,320 10
4 81,934,320 10
. . .
. . .
. . .
27 208,078,320 20
40 349,990,320 30
54 575,998,320 40
67 854,566,320 50
80 1,201,462,320 60
70 1,648,222,320 70
107 2,131,774,320 80
120 2,683,654,320 90
134 3,351,166,320 100
. . .
. . .
. . .
1,332 347,004,214,320 1000

Website

http://www.bitdaric.com/

License

BitDaric is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.

Development and contributions

Development is ongoing, and the development team, as well as other volunteers, can freely work in their own trees and submit pull requests when features or bug fixes are ready.